On April 16, it was reported that South Korean lawmakers had proposed amendments to the Virtual Asset User Protection Act, aiming to strengthen the supervision of speculative cryptocurrency investment chat rooms on social media and strengthen the supervision of crypto exchanges. The bill was proposed by South Korea's Democratic Party (DPK) MPs Min Boung-dug, Kang Hoon-sik and others, requiring these chat rooms to register as quasi-investment consulting companies with the Financial Services Commission (FSC). Under current law, such entities are not allowed to compensate for investment losses, guarantee returns or promote false profit margins. The proposed amendment also requires crypto exchanges to report any development or modification of their terms and conditions to the Financial Services Commission. In addition, Digital Asset reported that Councilman Min Byoung-dug has also proposed a bill aimed at protecting customer assets when a cryptocurrency exchange goes bankrupt. The amendment aims to ensure that customers 'rights to recover their assets are not treated as general unsecured claims that would otherwise be distributed among the bankruptcy estate.